Texas Led Nation In FDI, Employment In 2020

1 Jul 2021


News

By U.S. state, Texas received the largest investment, with expenditures of $18.6 billion, followed by California ($17.8 billion) and New Jersey ($14.1 billion). By U.S. state, Texas also had the largest employment by newly acquired, expanded or established foreign-owned businesses (between 50,000 and 100,000), followed by California (21,000) and Arizona (9,300).

“That Texas led the nation in FDI is good news, especially in light of the pandemic and its global economic impact,” said Robert Allen, President and CEO of the Texas Economic Development Corporation (TxEDC). “The data shows that even during periods of economic uncertainty, business decision-makers around the world trust that Texas is always a great investment.”

Allen credits Texas’ business climate, reasonable regulatory environment and its robust workforce for growth not only in foreign direct investment but in business relocations to Texas from states like California.

Read full article.

Flipboard Icon

More Topics

Site Logo

The Numbers Don't Lie: Where Data Center Projects are Going Today and Tomorrow

Jun 30 2021
Of the 400 major data center facility investments tracked globally by Site Selection and the Conway Data Projects Database since January 1, 2018, precisely 198 have taken place in the United States. Accepting that there are a few (dozen?) projects we’re probably not learning about in China, here are...Continue Reading
Site Logo

Texas outshines all other states, by far, in luring California headquarters relocations

Jun 28 2021
DALLAS — It’s not even close. Texas stands head and shoulders above all other states in the race to attract corporate headquarters exiting California, with Dallas-Fort Worth and Austin topping the list of destinations within the Lone Star State. That’s according to a new recent analysis shared exclusively...Continue Reading
Site Logo

Want To Attract Great Employees Post-Covid? Why 'Remote' Isn't Everything

Jun 27 2021
Chattanooga? When my daughter told me recently she’d be leaving a remote role in sunny Santa Barbara for a new job in Tennessee, it caught me by surprise. But the more I thought about her move, the more it made sense — and the more light it shed on how...Continue Reading